Imperial Oil Limited (TSE:IMO) Receives C$116.20 Consensus PT from Analysts

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been given a consensus recommendation of “Strong Sell” by the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$116.20.

A number of research firms have recently weighed in on IMO. Raymond James Financial upped their price target on shares of Imperial Oil from C$106.00 to C$107.00 and gave the stock an “underperform” rating in a research note on Monday, February 2nd. TD Securities raised their price objective on shares of Imperial Oil from C$101.00 to C$110.00 and gave the company a “sell” rating in a research note on Monday, February 23rd. Desjardins boosted their price objective on shares of Imperial Oil from C$120.00 to C$132.00 and gave the stock a “sell” rating in a report on Friday, February 20th. Morgan Stanley upped their target price on shares of Imperial Oil from C$97.00 to C$101.00 in a research report on Thursday, November 20th. Finally, Royal Bank Of Canada cut shares of Imperial Oil from a “sector perform” rating to an “underperform” rating and set a C$116.00 target price for the company. in a report on Monday, February 23rd.

Imperial Oil Price Performance

Shares of IMO traded up C$0.42 during mid-day trading on Friday, hitting C$166.01. The company’s stock had a trading volume of 87,266 shares, compared to its average volume of 908,740. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 19.69. Imperial Oil has a 1-year low of C$82.98 and a 1-year high of C$169.07. The firm has a market capitalization of C$80.28 billion, a P/E ratio of 25.62, a P/E/G ratio of 0.21 and a beta of 0.90. The firm has a 50-day simple moving average of C$148.05 and a 200 day simple moving average of C$134.07.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, January 30th. The company reported C$1.97 earnings per share for the quarter. The firm had revenue of C$11.28 billion for the quarter. Imperial Oil had a return on equity of 14.75% and a net margin of 7.02%. Analysts predict that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, April 1st will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, March 5th. This is an increase from Imperial Oil’s previous quarterly dividend of $0.72. Imperial Oil’s dividend payout ratio (DPR) is 44.44%.

Imperial Oil Company Profile

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.